The Global Insurance Week

Opinion

This week was dominated by second quarter results. Those covered by Newslink were Allianz, AXA, Brit, Direct Line Generali, Hiscox, LV=, RSA, SCOR, and St.James's Place, from Europe. US-based insurers reporting were Aetna, Aflac, AIG, American Safety, Berkshire Hathaway, Chubb, CNA, Hanover Group, Humana, Lincoln Financial, and The Hartford. The Bermudan market second tranche of announcements included Axis Capital, PartnerRe, RenaissanceRe, Validus, White Mountains, and XL Group, whilst major brokers reporting were Aon, Gallagher, and JLT.
AmTrust moved for Sagicor Europe and Manulife is to sell its life unit in Taiwan.
Marsh's Global Briefing reviewed the rating scenario, and the UK Parliamentary Select Transport Committee issued a report on whiplash claims-the ABI, LMA, and Direct Line were amongst those responding.
Accenture announced that its life software solution has been placed in the North American Leaders quadrant, Catlin chose ClarionDoor's Insured Rating hosted offering in the US, and RMS revealed that it delivered the risk analysis for the first ever storm surge catastrophe bond.
There were senior appointments at Barbican and Jubilee.